Get Ready for the $100m Basquiat

Loic Gouzer is quoted in Forbes Life on why Basquiat’s prices are rising at a rapid rate. His quote is auction house hype but it is still a bold statement:

But why are prices now rising precipitously? According to Gouzer, Warhol deserves some credit, as do American masters such as Jackson Pollock. “With those artists, we’re no longer talking $20 million, so even a lot of very rich people are out of the game,” he explains. “When we look at what was done in America beyond those guys, Basquiat really shapes up to being numero uno. He was a great colorist, a great draftsman, and he had a great sense of scale,” Gouzer adds. “I think we’re going to see a $100 million Basquiat. People have this subconscious panic. People want to buy him before he becomes Pollock.”